{"filings":[{"id":95838,"accession_number":"0001628280-26-031700","cik":1822523,"company_name":"Advanced Flower Capital Inc.","ticker":"AFCG","form_type":"8-K","filed_at":"2026-05-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Advanced Flower Capital reports Q1 NII of $0.21/share, NAV rises to $7.90; authorizes $5M buyback","event_type":"earnings","confidence":"high","bullets":["GAAP NII $4.8M ($0.21/share); net increase in net assets from operations $11.4M ($0.49/share)","NAV per share rose to $7.90 from $7.46 at Dec 31, 2025","Gross investment fundings $80.9M; net fundings $39.1M; net debt/equity 0.48x","Paid regular dividend of $0.05/share on April 15; board authorized up to $5M share repurchase program through May 2027","CEO cites strong quarter as BDC with pipeline focused on lower-middle market"],"consensus_eps_estimate":null,"consensus_eps_actual":0.49,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.65,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":109177,"accession_number":"0001628280-26-022082","cik":1822523,"company_name":"Advanced Flower Capital Inc.","ticker":"AFCG","form_type":"8-K","filed_at":"2026-03-30T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"AFC expands revolving credit facility to $80M with $30M new commitment from existing lender","event_type":"debt","confidence":"high","bullets":["Eighth Amendment increases revolver commitments by $56M to $106M temporarily, then resets to $80M after April 10, 2026.","Permanent increase of $30M from an FDIC-insured bank with over $75B assets; facility expandable to $100M.","Proceeds will fund commitments to existing borrowers, originate commercial loans, and support working capital."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":109176,"accession_number":"0001628280-26-014395","cik":1822523,"company_name":"Advanced Flower Capital Inc.","ticker":"AFCG","form_type":"8-K","filed_at":"2026-03-04T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Advanced Flower Capital Q4 GAAP net income $0.9M; full-year net loss $20.7M; declares $0.05 dividend","event_type":"earnings","confidence":"high","bullets":["Q4 GAAP net income $0.9M ($0.04 per share); Distributable Earnings $(2.8)M ($(0.12) per share).","Full year 2025 GAAP net loss $(20.7)M ($(0.95) per share); Distributable Earnings $8.7M ($0.39 per share).","CEO Dan Neville highlighted completed BDC conversion and focus on resolving legacy loans.","Board declared Q1 2026 dividend of $0.05 per share payable April 15 to holders of record March 31."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":109175,"accession_number":"0001829126-26-000724","cik":1822523,"company_name":"Advanced Flower Capital Inc.","ticker":"AFCG","form_type":"8-K","filed_at":"2026-01-29T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Advanced Flower Capital enters $20M unsecured revolving credit agreement with affiliate TCGSL LLC","event_type":"debt","confidence":"high","bullets":["Credit agreement provides $20M aggregate commitment, matures August 1, 2028.","Lender TCGSL LLC is indirectly wholly owned by Chairman Leonard M. Tannenbaum and his family.","Proceeds used for general corporate purposes including portfolio investments.","Interest rate is 8.5% per annum payable in cash in arrears."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":109174,"accession_number":"0001628280-26-002263","cik":1822523,"company_name":"Advanced Flower Capital Inc.","ticker":"AFCG","form_type":"8-K","filed_at":"2026-01-16T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Advanced Flower Capital amends credit facility to facilitate REIT-to-BDC conversion","event_type":"debt","confidence":"high","bullets":["Sixth Amendment to Loan and Security Agreement executed Jan 13, 2026, effective Dec 31, 2025.","Amendment modifies the credit agreement to accommodate conversion from REIT to BDC and RIC election.","Lenders consented to the conversion and to include three specific loan receivables as Eligible Obligor Loan Receivables for borrowing base calculation.","No default or event of default existed as of the amendment date.","Borrower reaffirmed obligations; conditions precedent included delivery of BDC election filings and related agreements."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":109173,"accession_number":"0001829126-26-000032","cik":1822523,"company_name":"Advanced Flower Capital Inc.","ticker":"AFCG","form_type":"8-K","filed_at":"2026-01-05T23:59:59+00:00","items":["1.01","1.02","3.03","5.02","5.03","5.05","8.01","9.01"],"status":"ready","headline":"Advanced Flower Capital completes conversion from REIT to BDC effective Jan 1, 2026","event_type":"other_material","confidence":"high","bullets":["Company now regulated under 1940 Act as BDC; investment flexibility expanded beyond real estate-backed loans.","New investment advisory agreement with AFC Management LLC replaces prior 2021 management agreement; base management fee 1.50% of avg gross assets, incentive fee with 6% hurdle and 17.5% catch-up.","Pete Sattelmair appointed assistant treasurer and principal financial officer effective March 16, 2026 via PINE Advisors services agreement.","Prior REIT ownership restrictions removed; new bylaws adopted with majority voting standard in contested director elections.","No change to Nasdaq listing under ticker AFCG; prior management agreement terminated without termination fee."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":125670,"accession_number":"0001628280-25-051325","cik":1822523,"company_name":"Advanced Flower Capital Inc.","ticker":"AFCG","form_type":"8-K","filed_at":"2025-11-12T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"AFCG Q3 2025: GAAP net loss $12.5M; shareholders approve REIT-to-BDC conversion","event_type":"earnings","confidence":"high","bullets":["GAAP net loss of $12.5M ($0.57/share); Distributable Earnings of $3.5M ($0.16/share).","Regular cash dividend of $0.15/share paid on Oct 15 for Q3 2025.","Shareholders approved conversion from mortgage REIT to BDC; expected completion in Q1 2026.","CEO cites progress resolving nonaccrual positions; limited new capital entering cannabis market."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.99,"consensus_revenue_estimate":null,"consensus_revenue_actual":19377260.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.65,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":125669,"accession_number":"0001628280-25-050279","cik":1822523,"company_name":"Advanced Flower Capital Inc.","ticker":"AFCG","form_type":"8-K","filed_at":"2025-11-06T23:59:59+00:00","items":["5.07","8.01","9.01"],"status":"ready","headline":"Advanced Flower Capital shareholders approve conversion to BDC, expected Q1 2026","event_type":"other_material","confidence":"high","bullets":["Shareholders voted 13.2M for, 0.5M against to approve new 1940 Act-compliant investment advisory agreement.","Shareholders voted 12.9M for, 0.8M against to approve reduced asset coverage (200% to 150%) for leverage.","Conversion remains subject to Board approval; targeted completion in Q1 2026; ticker AFCG unchanged.","Chairman Leonard Tannenbaum says BDC structure allows expansion beyond real estate-backed loans."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":142398,"accession_number":"0001822523-25-000028","cik":1822523,"company_name":"Advanced Flower Capital Inc.","ticker":"AFCG","form_type":"8-K","filed_at":"2025-08-14T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"AFC reports Q2 GAAP net loss of $13.2M; proposes conversion from REIT to BDC","event_type":"other_material","confidence":"high","bullets":["Q2 GAAP net loss of $13.2M ($0.60 per share); Distributable Earnings of $3.4M ($0.15 per share).","Board expanded investment mandate to include non-cannabis middle market loans and ancillary cannabis businesses.","Intends to convert from mortgage REIT to BDC, subject to shareholder approval of a new advisory agreement.","Paid Q2 dividend of $0.15 per share on July 15, 2025; same as prior quarter."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":160435,"accession_number":"0001822523-25-000024","cik":1822523,"company_name":"Advanced Flower Capital Inc.","ticker":"AFCG","form_type":"8-K","filed_at":"2025-06-09T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Advanced Flower Capital expands revolving credit facility to $50M with additional $20M commitment","event_type":"debt","confidence":"high","bullets":["Credit facility increased from $30M to $50M via $20M additional commitment from existing FDIC-insured bank.","Facility expandable to $100M, subject to lender participation and borrowing base availability.","Proceeds to fund existing borrower commitments, originate cannabis loans, and support working capital.","Lender is an FDIC-insured bank with over $75 billion in assets."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":160434,"accession_number":"0001822523-25-000019","cik":1822523,"company_name":"Advanced Flower Capital Inc.","ticker":"AFCG","form_type":"8-K","filed_at":"2025-05-19T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Advanced Flower Capital shareholders reelect Robert Levy, ratify CohnReznick as auditor","event_type":"other_material","confidence":"high","bullets":["Robert Levy reelected as Class II director with 4,985,845 votes for, 31,513 withheld, and 8,459,980 broker non-votes.","CohnReznick LLP ratified as independent auditor for FY 2025 with 15,160,714 for, 514,645 against, 50,549 abstain.","Annual meeting held May 19, 2025; no other proposals were voted on."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":160433,"accession_number":"0001822523-25-000017","cik":1822523,"company_name":"Advanced Flower Capital Inc.","ticker":"AFCG","form_type":"8-K","filed_at":"2025-05-14T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Advanced Flower Capital Q1 GAAP net income $4.1M ($0.18/sh); distributable earnings $4.5M ($0.21/sh)","event_type":"earnings","confidence":"high","bullets":["GAAP net income of $4.1 million ($0.18 per basic share) for Q1 2025.","Distributable Earnings (non-GAAP) of $4.5 million ($0.21 per basic share).","Paid Q1 2025 regular cash dividend of $0.23 per share on April 15, 2025.","CEO Dan Neville cited focus on reducing underperforming credit exposure and investing in quality credits."],"consensus_eps_estimate":null,"consensus_eps_actual":0.18,"consensus_revenue_estimate":null,"consensus_revenue_actual":6642977.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.6,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":160432,"accession_number":"0001822523-25-000011","cik":1822523,"company_name":"Advanced Flower Capital Inc.","ticker":"AFCG","form_type":"8-K","filed_at":"2025-05-05T23:59:59+00:00","items":["1.02","9.01"],"status":"ready","headline":"Advanced Flower Capital terminates unsecured revolving credit agreement with affiliate AFC Finance","event_type":"other_material","confidence":"high","bullets":["Terminated unsecured revolving credit agreement dated Dec 17, 2024 with AFC Finance, LLC, wholly-owned by Chairman Leonard M. Tannenbaum.","No outstanding borrowings under the agreement at termination.","Termination occurred in connection with amendment to existing Loan and Security Agreement dated April 29, 2022."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":160431,"accession_number":"0001822523-25-000007","cik":1822523,"company_name":"Advanced Flower Capital Inc.","ticker":"AFCG","form_type":"8-K","filed_at":"2025-05-02T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"AFC renews senior secured credit facility with $100M expansion option, maturity extended to 2028","event_type":"debt","confidence":"high","bullets":["Credit facility renewed with lead commitment from FDIC-insured bank >$75B assets.","Maturity extended to April 29, 2028; interest rate Prime + 0.50% with 6.50% floor.","Facility includes accordion to expand to $100M, subject to lender participation.","Proceeds to fund existing borrower commitments, new cannabis loans, and working capital.","Amendment expands collateral to substantially all company and subsidiary assets."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":178692,"accession_number":"0001822523-25-000004","cik":1822523,"company_name":"Advanced Flower Capital Inc.","ticker":"AFCG","form_type":"8-K","filed_at":"2025-03-13T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Advanced Flower Capital Q4 2024 GAAP net loss $1.0M; distributable earnings $0.29/share","event_type":"earnings","confidence":"high","bullets":["Q4 2024 GAAP net loss of $(1.0) million or $(0.05) per basic share.","Full year 2024 GAAP net income of $16.8 million or $0.78 per basic share.","Distributable Earnings: Q4 $6.3M ($0.29/share); full year $34.9M ($1.68/share).","Q1 2025 dividend of $0.23/share declared, payable April 15, 2025 to holders of record March 31, 2025.","Annual shareholders meeting set for May 19, 2025; record date March 24, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}